Insider Buying: PAR Technology (NYSE:PAR) Major Shareholder Purchases $864,000.00 in Stock

PAR Technology Corporation (NYSE:PAR) major shareholder Voss Capital, Lp acquired 25,000 shares of PAR Technology stock in a transaction that occurred on Tuesday, January 6th. The stock was purchased at an average price of $34.56 per share, with a total value of $864,000.00. Following the transaction, the insider owned 3,613,898 shares of the company’s stock, valued at $124,896,314.88. This trade represents a 0.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Voss Capital, Lp also recently made the following trade(s):

• On Monday, January 5th, Voss Capital, Lp purchased 8,898 shares of PAR Technology stock. The stock was bought at an average price of $35.82 per share, with a total value of $318,726.36.
• On Wednesday, December 31st, Voss Capital, Lp bought 15,348 shares of PAR Technology stock. The stock was bought at an average cost of $36.60 per share, with a total value of $561,736.80.
• On Tuesday, December 30th, Voss Capital, Lp acquired 146,789 shares of PAR Technology stock. The shares were purchased at an average cost of $36.51 per share, with a total value of $5,359,266.39.

PAR Technology Price Performance

Shares of NYSE:PAR opened at $37.35 on Friday. The stock has a market cap of $1.52 billion, a PE ratio of -17.45 and a beta of 1.35. The business’s fifty day moving average price is $35.90 and its two-hundred day moving average price is $46.03. PAR Technology Corporation has a one year low of $31.65 and a one year high of $77.55. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.51 and a current ratio of 1.70.

PAR Technology (NYSE:PAR) last issued its quarterly earnings results on Thursday, November 6th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $119.18 million during the quarter, compared to analyst estimates of $112.23 million. PAR Technology had a negative return on equity of 2.56% and a negative net margin of 19.21%.The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.09) earnings per share. On average, analysts forecast that PAR Technology Corporation will post -1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PAR. The Goldman Sachs Group decreased their price target on shares of PAR Technology from $50.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 target price on shares of PAR Technology in a report on Friday. BTIG Research dropped their price target on PAR Technology from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PAR Technology in a research note on Monday, December 29th. Finally, William Blair reiterated an “outperform” rating on shares of PAR Technology in a report on Tuesday, October 14th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Institutional Trading of PAR Technology

A number of hedge funds have recently made changes to their positions in PAR. Huntington National Bank lifted its position in shares of PAR Technology by 66.2% during the second quarter. Huntington National Bank now owns 437 shares of the software maker’s stock worth $30,000 after purchasing an additional 174 shares in the last quarter. Advisors Asset Management Inc. increased its stake in PAR Technology by 68.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 563 shares of the software maker’s stock worth $39,000 after buying an additional 229 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in PAR Technology by 9.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,095 shares of the software maker’s stock worth $353,000 after buying an additional 437 shares in the last quarter. Farther Finance Advisors LLC boosted its position in PAR Technology by 31.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,835 shares of the software maker’s stock valued at $127,000 after buying an additional 438 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in shares of PAR Technology by 3.3% during the second quarter. SkyView Investment Advisors LLC now owns 16,915 shares of the software maker’s stock valued at $1,153,000 after acquiring an additional 548 shares in the last quarter.

PAR Technology Company Profile

PAR Technology Corp is a provider of enterprise software and hardware solutions for the hospitality, foodservice and retail industries. The company’s platforms are designed to streamline front- and back-of-house operations, covering point-of-sale (POS) systems, kitchen display and dispatch, inventory and labor management, and reporting tools. PAR’s integrated approach enables operators of full-service restaurants, quick-service chains, bars, hotels, casinos and retail outlets to centralize data and automate workflows across multiple sites.

Key offerings include PAR Brink, a cloud-native POS application that supports touchscreen, mobile and tablet devices; PAR Cloud Services, which delivers software updates, reporting and analytics through a subscription model; and hardware solutions such as payment terminals, handheld devices and self-service kiosks.